Does having lots of credit cards effect your ability to get a remortgage

Divster

Bit of an odd situation and looking for some advice.
We bought an old commercial property and have finally (30 months) had all the permissions come through - flood assessment, listed, planning and ecology.
Because the property was low value as it's commercial in a town that doesn't need commercial lettings and long term (30 years) commercial tennant already in place - Subsequently, we were only able to get a peer-to-peer loan to lend us the money on a high interest loan which we now want to move away from.
I have a number (11) of credit cards that i have moved balances around on, the total debt is about 40% of the available credit, but I've not defaulted at any stage.
We're looking to remortage so that we can do some of the work, get on a better rate and take on the outstanding CC debt.
Does anyone know if having a number of credit cards with 0 balance (ie 7 of the 11) is looked upon badly, as has been suggested to me recently. The suggestion was that with all those credit cards i could be deemed a risk.
Any thoughts?

[Deleted User]

No, the bigger problem is your debt.  If you close cards, your perceived risk will worsen further.

Fighter1986

The maximum multiple of your salary the mortgage lender is willing to lend will be reduced in line with how much you owe elsewhere rather than how much you have the potential to owe elsewhere. 

Having several lines of credit that aren't used and have zero balances, shows less debt stress than if you had balances on every line of credit you have.

Especially important is having a history of not using your overdraft. 

Divster

Fighter1986 said:

The maximum multiple of your salary the mortgage lender is willing to lend will be reduced in line with how much you owe elsewhere rather than how much you have the potential to owe elsewhere. 

What I'd really like lenders to do is look at us paying for two houses and realise that going to 1 on a much better rate will be beneficial to us and thus a good investment for them. But that seems to make too much sense.
There will also be a huge amount of equity in the property due to change of use.

[Deleted User]

Divster said:

Fighter1986 said:

The maximum multiple of your salary the mortgage lender is willing to lend will be reduced in line with how much you owe elsewhere rather than how much you have the potential to owe elsewhere. 

What I'd really like lenders to do is look at us paying for two houses and realise that going to 1 on a much better rate will be beneficial to us and thus a good investment for them. But that seems to make too much sense.

Unfortunately, it's risk based. Consolidation lending would be more likely and cheaper if customers were always to pay off their existing debt, rather than just adding to it.  But that also seems to make too much sense.